First Horizon Advisors Inc. Has $17.77 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

First Horizon Advisors Inc. trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 104,234 shares of the semiconductor company’s stock after selling 2,130 shares during the period. First Horizon Advisors Inc.’s holdings in Texas Instruments were worth $17,768,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Field & Main Bank increased its holdings in Texas Instruments by 10.4% in the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 65 shares during the period. Howard Financial Services LTD. lifted its holdings in Texas Instruments by 3.1% during the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock worth $371,000 after buying an additional 66 shares during the period. Sandy Spring Bank grew its position in shares of Texas Instruments by 3.5% in the 4th quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock valued at $330,000 after buying an additional 66 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Texas Instruments by 2.1% in the third quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock valued at $508,000 after buying an additional 67 shares during the period. Finally, Pinnacle Financial Partners Inc raised its position in shares of Texas Instruments by 0.5% during the third quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company’s stock worth $1,983,000 after acquiring an additional 68 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TXN has been the subject of several research reports. The Goldman Sachs Group raised their target price on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Truist Financial lifted their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Morgan Stanley boosted their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Finally, UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the company from $170.00 to $195.00 in a research note on Friday, January 19th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Stock Performance

TXN stock traded down $0.39 during midday trading on Thursday, hitting $174.81. The company’s stock had a trading volume of 1,711,990 shares, compared to its average volume of 5,667,171. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The stock has a market cap of $159.16 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 3.76 and a beta of 1.01. The stock’s 50-day moving average price is $170.17 and its 200 day moving average price is $162.71. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.97%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Buying and Selling at Texas Instruments

In related news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.